Chesapeake Energy Corporation (NYSE:CHK) shares went up 9.15% or 0.52 points to reach at $6.20 during the course of session. The stock traded in the range of $5.75 – $6.25 during its most recent trading session. The stock has total market worth of $4.63B and it has total of 776.96M outstanding shares. Relative strength index (RSI-14) for Chesapeake Energy Corporation (NYSE:CHK) is at 66.81.
Historically the stock has climbed 23.26% in the past week and soared 30.80% in the last four weeks, the stock illustrate that its three months performance stands at 60.62% while its year to date performance is at 37.78%. Stock’s price oscillated from $1.50 to $9.55 during past twelve months. The stock is now trading at a distance of 19.56% from SMA-20. The stock is presently trading 30.78% above from its SMA-50. In the current trading session, the stock’s price moved 36.80% above from its SMA-200. If we take a look on its volatility, 7.73 percent was seen in a week and for the month it was 7.18 percent. Stock’s beta value stands at 1.95 and its ATR value is at 0.37.
Chesapeake Energy Corporation (NYSE:CHK) announced on August 17, 2016 that it successfully priced its proposed term loan and, as a result of strong demand, has upsized the term loan to $1.5 billion from a previously announced size of $1.0 billion. The term loan is being arranged by Goldman Sachs Bank USA, Citigroup Global Markets Inc. and MUFG as joint lead arrangers. Chesapeake intends to use the net proceeds of the loan to finance tender offers for its unsecured notes, with any remaining proceeds used for further debt repayments and other general corporate purposes. Chesapeake expects this financing and the tender offers to improve its financial flexibility by reducing its near-term maturing debt.
The loan will have a five-year term and bear interest at a rate of LIBOR plus 7.50% per annum, subject to a 1.00% LIBOR floor. The loan will be made at par without original issue discount. The loan will be secured by the same collateral securing the company’s revolving credit facility (with a position in the collateral proceeds waterfall junior to the credit facility).
The new term loan will be unconditionally guaranteed on a joint and several basis by Chesapeake’s direct and indirect wholly owned domestic subsidiaries that are guarantors under the company’s revolving credit facility.
The loan is expected to close on or before August 23, 2016, subject to customary closing conditions and final documentation.
Whiting Petroleum Corp (NYSE:WLL) shares rose 4.61% or 0.37 points in order to take the company’s stock at the price of $8.40. Stock’s price oscillated between $8.17 and $8.43 for intra-day trading. Relative strength index (RSI-14) for Whiting Petroleum Corp (NYSE:WLL) is at 49.95. It has total market capitalization of $2.24B.
Historically the stock has climbed 8.81% in the past week and plunged -4.55% in the last four weeks, the stock illustrate that its three months performance stands at -25.07% while its year to date performance is at -11.02%. The stock hit the peak price level of one year at $22.80 and touched the minimum level of $3.35. Shares are trading -63.16% off from the 52-week high price and +150.75% above from the 52-week bottom price level. The stock is now trading at a distance of 10.39% from SMA-20. The stock is presently trading -7.48% below from its SMA-50. In the current trading session, the stock’s price moved -14.47% below from its SMA-200. The company has a Return on Assets of -21.60%. The company currently has a Return on Equity of -51.50% and a Return on Investment of -20.70%.
Whiting Petroleum Corp (NYSE:WLL) on July 28, 2016 reported the company’s 2016 second quarter capex of $79.4 million was on budget and a 70% improvement from the first quarter. Production in the second quarter 2016 totaled 12.2 million barrels of oil equivalent (MMBOE), an average of 134,245 barrels of oil equivalent per day (BOE/d), which was comprised of 85% crude oil/natural gas liquids (NGLs). In late June, the company recommenced operations in the Williston Basin in connection with the 44-well participation agreement announced in its first quarter results press release.
Whiting has entered into a new 30-well participation agreement in its Pronghorn area of the Williston Basin on terms similar to its other participation agreement. The company plans to add a rig in October to begin drilling this program. In addition to the new 30-well program, with stronger commodity prices and higher cash flow, the company plans to increase activity in the second half of the year and complete 16 gross (12.5 net) drilled uncompleted (DUC) wells in the Williston Basin. The new participation agreement and addition of these DUC wells increase 2016 capex by $50 million and should lead to a highly capital efficient production profile in 2017. All of the new combined operational activity should help stabilize production in the last quarter of the year and give positive momentum entering 2017.